Exporter’s Day: Discover the key role they play in driving Peru’s economy

On this day, we celebrate the vital efforts of Peruvian companies that promote and position local products in international markets.

Every November 9, since 2004, Exporter's Day has honored the entrepreneurs and workers who, through hard work and dedication, drive the country's economic growth via exports. This celebration was established to mark the milestone of surpassing USD 12 million in global exports. That year, over 5,000 companies had the opportunity to send their products abroad.

Since then, according to the Ministry of Foreign Trade and Tourism (MINCETUR), Peru has quintupled its export value, hitting a record USD 63.648 billion in 2022. The number of exporters has grown to over 9,000, nearly 70 % of which are micro, small, and medium-sized enterprises. As a result, Peru has doubled its share in global exports, showing impressive growth—from 0.12 % in 2004 to 0.24 % in 2023.

Source: Mallku producciones / PROMPERÚ

SITUATION IN PERU

The role of exporters has been vital in Peru's integration into the global economy. Exports not only generate foreign exchange for the country but also drive job creation, modernize production processes, and encourage investment in technology. Additionally, they open up new opportunities for small and medium-sized enterprises (SMEs).

Through exports, Peru has successfully positioned itself on the international stage with high-quality products, enhancing the global perception of its resources. The country has advanced in the rankings of agricultural exporters, becoming one of the top 10 exporters of fresh fruit worldwide. Below is an overview of where Peru is expected to rank in 2023, according to MINCETUR:

- The world's leading exporter of grapes and blueberries.

- The second-largest exporter of avocados and chestnuts.

- The third-largest exporter of mangoes.

Source: PROMPERÚ

PERU IN THE WORLD

As of 2023, according to information from MINCETUR, Peru has established 22 free trade agreements with a total of 58 countries. These agreements represent 82 % of the world's GDP and encompass over 3.2 billion potential consumers, accounting for 42 % of the global population.

Today, Peru has trade agreements with key trading partners, including China, the United States, and the European Union. The country is also working to optimize its Free Trade Agreement (FTA) with China, negotiating an FTA with Hong Kong, resuming discussions with India, and preparing to initiate negotiations with Indonesia.

Peru's export sector is marked by its diversity and breadth. The main products exported include minerals, agro-industrial goods, textiles, and fishery products. These sectors have enabled Peru to establish itself as one of the world’s leading suppliers of both raw materials and processed products.

Source: Mallku producciones / PROMPERÚ

THE REGIONS: THE HEART OF EXPORTS

The success of export growth in recent years has been fueled by the regions, which account for 80 % of the total export value.

Moreover, in 2023, eight regions set new export records, according to information from MINCETUR. These regions include Apurimac, Arequipa, Ayacucho, Ica, Junin, La Libertad, Moquegua, and Piura.

Peruvian Exporters' Day is not only a chance to celebrate the achievements of the sector's entrepreneurs and workers but also an opportunity to reaffirm the commitment to furthering the country's development through international trade.

With a focus on innovation and continuous improvement, Peru is well-prepared to tackle future challenges and solidify its position as a key player in global trade.

Source: Gettyimages